Russian steel producer Magnitogorsk Iron and Steel Works (MMK) has announced the launch of a series of "open house" meetings with its suppliers.
These regular meetings between the deputy CEO for commercial affairs Sergei Ushakov and the company's suppliers of materials, equipment and energy resources, as well as contractors and services suppliers, both existing and potential.
The series of events is aimed at improving the quality and reliability of MMK Group's supplies, and enhancing the system of inventory and logistics management. The company expects this format to facilitate a higher level of openness and transparency regarding the procurement process, while at the same time allowing for feedback between suppliers and departments overseen by the deputy CEO for commercial affairs.